Investment property in Berala has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -13.27%
When looking at the potential capital gains offered to property investors over the last 3 years, Berala comes in at number 1155th in NSW.
LACK OF BUYER INTEREST may well be the reason that Berala is offering property investors an average of -7.22. This rate of discount on properties puts Suburb at number 100th in terms of most discounted suburbs in NSW
Renters in Suburb are facing rents around $26000 per annum or $500 every week.
If you compare the increase in value of investment property in Berala, 2141 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -6.77%.
When looking at the potential capital gains offered to property investors over the last 3 years, Berala comes in at number 476th in NSW.
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.79% offered to property buyers. Sellers in Berala itself are offering an average vendor discount of -6.12% to real estate investors.
At number 261 in a list of fastest selling suburbs, Berala is in the TOP 30% of suburbs in Australia with an average of days on market 57.25 for properties listed there.
Situated 16.29km from the CBD, Berala is one of Cumberland (A) localities in the postcode 2141.